Tuesday, February 21, 2023
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The commercial lending arm of One Savings Bank issued a refinance of a semi-commercial loan for more than £24.4m within four weeks of the terms being issued.
The funding was for a boutique London property developer, Aitch Group, to assist the firm in refinancing a semi-commercial property, Childers Street, comprising 83 residential units and three commercial units. Its existing loan facility was due to expire.
The Intermediairy.co.uk reported Aitch Group has a proven track record of delivering successful commercial and residential developments over the last three decades and typically finances its schemes using high street banks. However, due to the impact on market conditions of the mini-Budget announcement and Base Rate increases, the high street banks could not provide viable options and a more specialist solution was required.
One Savings Bank Group found a personalised solution to complete this complex transaction where the High Street banks could not.
Which One Savings Bank lender provides larger commercial mortgages?
InterBay Commercial specialises in providing commercial, semi-commercial and buy-to-let mortgages.
Trinity Specialist Finance works with InterBay to provide bespoke solutions for our clients. We have access to their in-house teams, national sales team, real estate, completions and underwriting departments to offer tailored solutions to support borrowers with their lending goals.
Interbay provides commercial and semi-commercial mortgages, buy-to-let mortgages and bridging loans.
Call Trinity Specialist Finance to secure funding on 020 7016 6151 or book a consultation
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